* This information replaces FIS 901 Transfer of Funds & FIS 902 Transfer Account Codes
Transfer of Funds
Transfer account codes are used in OSU’s Operating Ledger in instances where budget, revenue, or expenditure redistributions are not appropriate. Transfer account codes are not revenues or expenses and are not to be used when an exchange of services or goods has taken place.
Transfers are used when moving from one fund type to another, such as in the case of providing funding from operations for a capital project. Transfers can be used within fund types to redistribute resources between individual operating funds, as in the case of funding for cost share. Transfer account codes are also used to move cash associated with budget within the Budgeted Operations fund type.
The bulk of transfer transactions at OSU are posted via automated systems and background entries. Beyond those automated entries, transfer account codes are to be used sparingly and with discretion since they can effectively change the nature of the resources which they move.
Examples of instances where manually-initiated transfer journal entries are appropriate:
- Transfer from operations to a construction project.
- Transfer of Incidental Fee resources to recipient auxiliaries.
- Transfer to close out a designated operation or other self-supporting fund.
- Transfer to subsidize a designated operation or service department (beginning 7/1/13).
Special considerations involving Budgeted Operations (fund type 11) funds: Appropriate transfers of funds within Budgeted Operations include cost share and cash transfers associated with budget adjustments between funds. Both of these are automated actions and may only be adjusted by OSU Central Administration. The Office of Sponsored Research and Award Administration (OSRAA) manages cost share transactions and the Office of Budget and Fiscal Planning administers all other Budgeted Operations transfer transactions.
Transfers within and between funds use different account codes in instances where Budgeted Operations (fund type 11) is one of the impacted fund types. When selecting transfer account codes, careful consideration of the titles and descriptions is required in order to avoid errors. For instance, for fund type 11 transactions 91001 and 92001 are both prohibited, 91005 is permitted, 92005 is prohibited and 92255 is permitted.
Transfers of funds associated with budget changes within Budgeted Operations should generally be transacted only within appropriate fund ranges. Because Oregon State University has several distinct appropriation divisions within Budgeted Operations, transfers may occur within, but rarely between the following legislatively appropriated fund ranges:
OSU Education and General (E&G) funds 000000-019999
Cascades Campus E&G funds - subset 001800-001899
Ag Experiment Station funds (AES) 030000-033999
OSU Extension Service (ES) funds 034000-036999
Forest Research Lab (FRL) funds 037000-039999
Requests for transfers between these appropriated fund ranges must originate in or route through the Office of Budget and Fiscal Planning on a Request for Budget Change form.
All transfer transactions are closely monitored for propriety by the Office of Business Affairs and inappropriate usage will be disapproved. See information below regarding FIS 902 Transfer Account Codes for details of how individual account codes may be used.
Transfer Account Codes
Transfer account codes are used in the operating ledger in instances where budget, revenue or expenditure redistributions are not appropriate. Transfer account codes are not revenues or expenses and are not to be used when an exchange of services or goods has taken place.
Transfers are used when moving from one fund type to another, such as in the case of providing funding from operations for a capital project. Transfers can also be used within fund types to redistribute resources between individual operating funds, as in the case of funding for cost share. Transfer accounts are also used to move cash associated with budget within the Budgeted Operations fund type.
Transfer In and Transfer Out account codes are paired in all cases with the last three characters matching on both sides of the ledger entry. Transfer account pairs must be balanced within OSU’s chart.
The bulk of transfer transactions at OSU are posted via automated systems and background entries. Transfer account codes are to be used sparingly and with discretion since they can effectively change the nature of the resources which they move. Transfer transactions are closely monitored for propriety by the Office of Business Affairs.
General description and examples of usage:
9x001 – Use these codes to transfer between funds within the same fund type. Do not use these codes for Budgeted Operations Fund Type 11 (see 9x250).
9x005 – Use for transfers between fund types, such as from a designated operating fund to the general fund. Transfers out of 92005 to other fund types are not permitted from fund type 11, Budgeted Operations (see 9x255). Transfers in to fund type 11 on 91005 from other fund types are permitted.
9x105 – Use only to redistribute incidental fee resources between fee-funded auxiliaries within the University.
9x250 – Used by the Office of Budget and Fiscal Planning and Statewide Public Service Budget Offices for cash transfers between funds within Budgeted Operations (FT11). These codes must be used within, but not between, the following separately appropriated budgeted operations fund ranges [000000-019999 (E&G), 030xxx (AES), 034xxx (Ext), and 037xxx (FRL)]. Do not use in other fund types (see accounts 9x001).
9x251 – Used by the Office of Budget and Fiscal Planning to transact specially authorized resource transfers between separately appropriated fund type 11 Budgeted Operations of OSU, Affiliated Branch Campuses and the Statewide Public Services.
9x255 – Use 92255 for all transfers out of fund type 11 Budgeted Operations to other fund types. An example of this type of transaction is establishment of an E&G-funded Plant fund (fund type 81). Account 91255 is used exclusively as the credit entry in the other (non-FT11) fund type. In addition to other areas where transfers from fund type 11 are permitted, beginning July 1, 2013, these transfer account codes also replace the subsidy transaction accounts 09398/24901 for designated operations and 09398/24902 for service departments. See 9x005 to transfer into fund type 11 from another fund type.
9x501 – Used exclusively for Banner-generated cost share transfers within OSU. These are automated transactions, do not use on Journal Vouchers.
See FIS Ex003-21 Transfer Account Code Usage by Fund Type Level II which illustrates which account codes are appropriate in each Level II Fund Type and FIS Ex003-30 Transfer Account Code Flowchart for assistance in determining account codes.